Cerity Partners LLC Purchases 114,823 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cerity Partners LLC increased its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 96.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,810 shares of the company's stock after purchasing an additional 114,823 shares during the period. Cerity Partners LLC owned 0.07% of ZoomInfo Technologies worth $2,338,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ZI. Raymond James Financial Inc. acquired a new stake in ZoomInfo Technologies during the fourth quarter worth approximately $8,729,000. PNC Financial Services Group Inc. lifted its holdings in shares of ZoomInfo Technologies by 22.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,221 shares of the company's stock valued at $139,000 after acquiring an additional 2,456 shares in the last quarter. Xponance Inc. lifted its holdings in shares of ZoomInfo Technologies by 3.5% during the 4th quarter. Xponance Inc. now owns 36,173 shares of the company's stock valued at $380,000 after acquiring an additional 1,226 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter valued at $125,000. Finally, Sei Investments Co. lifted its holdings in shares of ZoomInfo Technologies by 419.0% during the 4th quarter. Sei Investments Co. now owns 181,692 shares of the company's stock valued at $1,910,000 after acquiring an additional 146,681 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of ZoomInfo Technologies from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Morgan Stanley reduced their target price on shares of ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. DA Davidson reduced their target price on shares of ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Mizuho reduced their target price on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, Piper Sandler boosted their target price on shares of ZoomInfo Technologies from $8.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $10.63.

ZoomInfo Technologies Stock Down 0.4%

Shares of NASDAQ ZI traded down $0.04 during midday trading on Friday, reaching $10.41. The company's stock had a trading volume of 2,222,678 shares, compared to its average volume of 7,551,024. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $13.39. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 347.12, a PEG ratio of 13.05 and a beta of 1.02. The stock has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $9.86.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a net margin of 0.74% and a return on equity of 12.05%. The business had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. During the same period in the previous year, the company earned $0.26 earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

ZoomInfo Technologies Profile

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.